It is estimated that a large majority of young people have not thought about estate planning. The creation of an estate plan is often thought of as an elderly issue or an undertaking to be tackled once a certain level of wealth or assets has been accrued. However, young adults in Michigan may need an estate plan in place many years before they may traditionally think about such ventures.
Sadly, tragedy has no age requirement. Anyone, regardless of youth and vitality, can find him or herself incapacitated and unable to make important health and financial decisions. By having a clear healthcare directive in place as a young adult, family fights or disagreements about medical treatment can be avoided.